Kraft to Layoff 1600 Workers as Company Splits in Two

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Kraft is reorganizing to separate its businesses on snacks and groceries.

“Our plan for a more nimble company, combined with the current economic and competitive pressures, led us to this point,” said Kraft executive vice-president Tony Vernon, who will lead the grocery company after the split.

Kraft owns famous food brands like Cadbury, Jacobs, Maxwell House, Nabisco, and Oscar Mayer.

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Article source: http://au.ibtimes.com/articles/285740/20120123/kraft-layoff-1600-workers-company-splits-two.htm

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